PR status working for foreign client

[wdnsdy]

Hello everyone,

I’m a PR, wanting to start my freelance work offering translation to Japanese clients. I’m using a service similar to UpWork and will be receiving my pay through that service.

When it’s time to file my taxes, will there be any issues?

Also, is it a problem if my bank account is in Japan? If I claim them as my foreign income, would it matter where the bank account is?

Just thought I’d throw my question here and see if anyone had similar experience or have advise for a beginner!

Thanks in advance!

 

[scylla]

Hello everyone,

I’m a PR, wanting to start my freelance work offering translation to Japanese clients. I’m using a service similar to UpWork and will be receiving my pay through that service.

When it’s time to file my taxes, will there be any issues?

Also, is it a problem if my bank account is in Japan? If I claim them as my foreign income, would it matter where the bank account is?

Just thought I’d throw my question here and see if anyone had similar experience or have advise for a beginner!

Thanks in advance!

No issues as long as you declare this income in your Canadian tax return.

 

[Copingwithlife]

Sounds like your are self employed, if you invoice thru that service, and not an employee keep in mind, that if your income is over $30K, in any four rolling calendar quarters, you are mandated to register for a GST/HST account.